re: Heard Dave Ramsey's daughter speak at a luncheon a few weeks ago

I need to tell my "I interviewed with Dave Ramsey" story on here.

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There's absolutely nothing poor about it. It may not be what some think is the 'best' but it's by no means poor. Furthermore, it's extremely sound advice for anyone that got wealthy from a salary like an executive or doctor. Sure loaning money as a business owner often makes sense, but if you are a surgeon making $500k why would you ever loan money outside of a house purchase? That is as stupid as it may be smart to save a couple small percentage points.

Most people with $10 mil plus actually follow dave's advice very closely. It's those with $1-2 mil trying to get wealthier that find his advice absurd.

I've never heard his daughter come off as anything but genuine. If her dad gave her money and she makes a ton on her speaking circuit which I'm sure she does, why would she buy a $250k house like a normal 23 year old? That's even dumber.

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She didn't buy the house with money she earned.

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I need to tell my "I interviewed with Dave Ramsey" story on here.

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let's hear it.

You just sound like a hater

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I've never dug in too deep to Dave Ramsey's financial plan, but from what I understand, the 'problem' with it is this:
- no credit cards, cash only -
no credit cards mean no credit (credit score of 0) - no credit score means no borrowing power So you're supposed to either:
- have enough saved up to pay cash for a house right out of college - rent a house until you save up enough cash - live at home with your parents until you save up enough to pay cash for said house

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Of what you have posted here about DR only one thing is true, no credit cards.

He has no problem with anyone getting a home mortgage, as long as you have a 20% down payment, and the monthly payment is no more than 1/4 of your take home pay, obviously if you are in the top 1% of earners it may not apply.

I had never had a credit card, borrowed money or did a single thing to build credit before I purchased my first house, I worked with a small local lender, and had about 25% down, and good references, no idea what my credit score was. I did this long before I ever heard of Dave Ramsey, it just seemed like common sense.

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I just do not get the hate for him and his family. Positive people doing positive things in the community. Helping thousands of people get finances under control. shite that should have been taught in schools but instead we waste education time on personal exploration of arts and non life helping skills.

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Between 150k in credit card and student debt, and buying an 825k house with cash at 23 with no established credit, is a good size pool of people called the real world. Just because an egotistical paranoid schizophrenic lives and works in neither doesn't mean it doesn't exist.

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let's hear it.

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Its not terribly bad, but here goes ...

Circa 2002, I was engaged and started listening to DR. As a wedding present, we were given a credit card from my in laws with $15k ran up on it. It was in my wife's name. I had never been in debt so this freaked me out. I read his book, listened to his show, and used his plan to tackle the CC debt.

Life happened, and my wife took a job in Nashville. I had to find something and being in marketing and communications, there were a couple of opportunities for me at the then Lampo Group, his parent company at the time.

So I applied, crafted my cover letter to state how thankful I was for the DR program etc. I got a call back from the hiring manager within a day or so. We conducted a productive phone interview and I was invited to an in person interview the next week on a Friday.

I made arrangements, took off and went up there on a Thursday night. I prepared, listened to his audiobook the entire 6 hour drive from Mississippi, and was ready for the interview. I got there in a professional suit and was greeted by the hiring manager in a t-shirt and shorts, who asked if I wanted to go to lunch. It was 2 p.m. and I had already eaten, but I obliged.

We got into his car - a classic DR beater and went to Moe's Southwest Grill. I ordered cheap, he told me to "go all out"We sat down, he started explaining how the company culture worked, benefits, etc. It wasn't an interview as so much a mini-orientation. About 20 minutes in, he got a cell phone call and took it outside - for 30 minutes. I looked at the clock. We're 50 minutes into this and I had not been asked a word.

He comes back in and asks me if I have any questions. I asked a couple about benefits (the family 4th of July picnic at DR's mansion and $100 a year in free DR books for Xmas gifts were the big benefits - he didn't match 401k or pay for health insurance at the time).

We get back in his car to head back up Mallory Lane and the thing starts smoking. He says "We may have to walk back" but we made it. We get back inside and he tells me thanks for coming but the job was filled.

I was in complete shock. I was nice about it. A week later, the director of HR called me and asked me what I thought about the experience. I told him the story and he was surprised. I mentioned that I drove 6 hours one way for 20 minutes at Moe's and then.I was told that the job had been filled. He apologized and said don't worry he would take care of it, mentioning that my resume and the manager's report on the interview was exemplary.

The next day, the HR director called me back and offered me a different job under a different director with the salary of $24,000. I said no thanks and moved on.

I'd hit it harder than a 30 year ARM.

I think I've heard your story before...that's messed up. I definitely think that would be a weird place to work.

I'm almost positive that healthcare/401k match thing isn't true anymore, though. May be someone can verify.

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I'm almost positive that healthcare/401k match thing isn't true anymore, though. May be someone can verify.

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I may have told it on here before. I think it has gotten better as he has grown, but at the time, it was very cult like.

I saw someone mention that he is grooming said daughter to take over. She spoke at the university I work at a couple years back - she's a good speaker.